Nonprofit Village Center Inc
- Assets
- $341.2k
- Revenue
- $667.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Rockville, MD
- Founding
- 09/2006
- Data as of
- 06/2022
- EIN
- 20-4264212
Organization Overview
Nonprofit Village Center Inc is located in Rockville, MD. The organization was established in 2006. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Nonprofit Village Center Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nonprofit Village Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Nonprofit Village Center Inc generated $667.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $793.6k during the year ending 06/2022. While expenses have increased by 6.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NONPROFIT VILLAGE PROVIDES AFFORDABLE OFFICE SPACE AND OPPORTUNITIES FOR CAPACITY BUILDING TO STRENGTHEN THE NONPROFIT SECTOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NONPROFIT VILLAGE CENTER SERVES AS AN INCUBATOR FOR 40 ORGANIZATION THAT HAVE ACCESS TO PROFESSIONAL OFFICE SPACE, TELEPHONE AND IT, MEETING ROOMS, BACK OFFICE EQUIPMENT, AND SERVICES. ALL SERVICES ARE SUBSIDIZED THROUGH DONATIONS TO THE NONPROFIT VILLAGE
THE NONPROFIT VILLAGE CENTER INCUBATOR PROGRAM, SOAR SERVES 10-12 NONPROFIT LEADERS EACH YEAR AND 25 ALUMNI BY PROVIDING LONG-TERM TRAINING AND DEVELOPMENT ON NONPROFIT MANAGEMENT. ONGOING SUPPORT AND PEER COACHING, REFERRALS TO ADDITIONAL RESOURCES ARE ALSO AVAILABLE. THE CORE GROUP OF 10-12 MEET WEEKLY FOR 16 WEEKS AND ARE REQUIRED TO WORK WITH CONSULTANTS WE PROVIDE TO COMPLETE A STRATEGIC PLAN, FUNDRAISING OUTLINE,AND MARKETING TACTICS.
RESEARCH DAY PROVIDES 30 ORGANIZATIONS AN HOUR OF FREE EXPERT CONSULTING ON NONPROFIT MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Avellaneda Director | Trustee | 2 | $0 |
Lorenza Cooper Director | Trustee | 2 | $0 |
Laurie Edberg Director | Trustee | 2 | $0 |
Michael Feinstein Director | Trustee | 2 | $0 |
Mary Grate-Pyos Director | Trustee | 2 | $0 |
Andrew Kim Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $687 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $333,056 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $439,711 |
| Total Program Service Revenue | $206,318 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$209 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $667,777 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,068 |
| Compensation of current officers, directors, key employees. | $62,881 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,655 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,412 |
| Payroll taxes | $14,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,613 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,983 |
| Advertising and promotion | $965 |
| Office expenses | $9,194 |
| Information technology | $4,997 |
| Royalties | $0 |
| Occupancy | $288,330 |
| Travel | $72 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,590 |
| Interest | $11,350 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,761 |
| Insurance | $6,976 |
| All other expenses | $16,874 |
| Total functional expenses | $793,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,072 |
| Savings and temporary cash investments | $190,634 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,228 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,500 |
| Net Land, buildings, and equipment | $59,639 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,150 |
| Total assets | $341,223 |
| Accounts payable and accrued expenses | $80,968 |
| Grants payable | $0 |
| Deferred revenue | $26,975 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $184,048 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $301,707 |
| Total liabilities | $593,698 |
| Net assets without donor restrictions | -$252,475 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $341,223 |